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could hurt them as a result hurt them and the jobs and economy. you can see what is happening with our twinkie and hostess and all . people who make them. they are out of the a job because of union workers who are demanding more. be lucky you have a job right now. >> wayne, if you look at thanksgiving to news years. and this is it super bowl for retailers for profits and unions know that and the timing is rough, don't you think? >> i don't see it that way. timing is off. you have merchandise in the tore right now. you caint sell it for the holiday season. what happens on black friday and going forward into the christmas season. all of that merchandise has to be here. you have to ordered that months ago. these strikes are not hurting it hurts the walmart protest that could hurt shopping. port authority in oakland not necessarily behaved. they are one of the mot notorous unions. >> and at the same time certainly labor has a right to have their voice and issues whether it is health care or pay. >> they are choosing america's holiday season to get their message across and get their employe
, they have, but, i guess we're fortune in our overall economy, 150 million workers only now at about a 9 or 10% union total labor force, so, on relative basis we would be much better or worse time since 1980 whi we were opposed to 26, 27, in the states, intriguingly, the states are not right to work states where unions can force a company to, people to pay dues et cetera, those states are falling behind. the empirical evidence, the more these guys get power the less the jobs get created. >> looking forward, not just now. we know that unions feel more empowered and their presidential candidate won the white saying they're going to congress and ask for easier ways for companies to become unionized. so, can we expect to see more of these plays against companies? >> absolutely, for the exact reason you noted. unions were obviously a big supporter of obama and the liberal agenda, and rightly so because they've worked nicely with each other, but as unions become bigger and bigger, bigger and the 9, 10% that toby said, it tends to work the opposite of what we want to see happen to jobs and unem
it hurts the economy and i think most economists that i respect believe that but throughout my career i v gone to the floor time after time on the appropriations bills and the farm bills that have the important earmarks, the terrible and egregious subsidies which i have opposed all along and i am sure grower has been well aware of that. >>neil: he has in conversations, he has said that but what concerns him is that republicans seem to be running around with the tail between their leg after the election and acquiescing on revenues and letting the democrats stream roll them and he says they will pay in two years. do you feel threatened? >>guest: will, republicans have to be for some things and we need to be for things and for spending cuts. we need to be for entitlement reform. that has to be done if we are ever going to be serious about this debt issue, i don't think we should disrespect grover norquist any more than i believe we should disrespect the heritage foundation or any others. i respect them. we just don't always agree. >>neil: what he is saying, senator, he says that there is muc
't think that raising tax rates is something that's good for this economy, that will help grow jobs. and so what we have said is there are ways for the federal government to have more revenue if we grow this economy and engage in tax reforms. >> every economist i respect says if you raise tax rates at this time -- in fact the president said that a couple years ago -- that it harms the economy. we're trying to help the economy. and so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and grounds for my position. >> the truth is this country does not need to go through this fiscal cliff, which is fundamentally a huge tax increase and very little spending cuts. we're favoring a huge automatic tax increase that needs to be changed. >> bottom line we can't go off the fiscal cliff. democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehner should be able to do it. >> it's the right approach, the one most beneficial for our economy, that protects t
to the new rules about to hit our already fragile economy and as fiscal cliff talks continue, big defense cuts are still on the table. so, should republicans embrace the sequester or make a deal to avoid it? welcome to the journal, editorial report. is the obamacare a sure thing or vast expansion of medicaid, heavily dependent on state implementation and a growing number of the governors are saying they won't do the federal government's bidding. wisconsin's scott walker is one of them and joins me now, governor, great to have you with us. >> paul, good to be with you. >> paul: when you wrote to the hhs secretary kathleen sebelius, you wouldn't set up a state exchange you wouldn't have the flexibility to make it work. why don't you elaborate on what you mean by lack of flexibility. >> each of the governors who run it, a state run, partnership or referring to the federal government. any folks that have a state run exchange they need to realize in the end there is no flexibility in terms of final outcome, there is no substantive difference between the three option, all of them lead to a fede
to strengthen their muscle is when the economy is good not when it is uncertain and tough. >> so there could be a backlash from unions pushing businesses to the max because if trying to support jobs and get better benefits they may in fact be taking workers out jobs. >> any are. look what business is doing, moving with their not. if you look where business is moving in the united states --. >> one example is hostess 18,000 jobs when the unions pushed them. they are gone. >>guest: hostest. airlines. boeing. up-and-down corporate america. that is why businesses are moving to right-to-work states. the states that are getting the most movement of their businesses it is so that those states that have right-to-work states. i am not saying they shouldn't have unions, but it is the wrong time to kick business when jobs are scarce and the economy is tough. >> but unions have been in powered, vicinity they, they won the presidential candidate. some leaders say they will push congress ma make unionizing eitherrer. is this the time to push back. >>guest: they are in favor right now, the ear of the admin
economy. and correspondent steve brown kicks off our coverage tonight. >> and on thanksgiving thursday to be first in the doors at midnight on plaque friday. >> and the unofficial start of the holiday shopping season. >> we have our route. >> and toys "r" us, target, home goods. >> kohl's, breakfast. >> black friday is definitely the kickoff to the playoffs for us, if you think of it as a sporting event and it's a big day, we always want to come out really showing our guests what we have here and have a great start to the playoffs, yeah. >> and with retail sales a huge factor in the not steady u.s. economy, the shopping is encouraging. >> we expect sales to rise 4% this year, a little lower than last year, but you know, we think we really believe that consumers are feeling a lot more confident this year. >>, but for all the folks battling the black friday crowds, do they get the best prices. >> sometimes i think you can get a better deal other times, black friday is kind after gimmicky things. up to a third of the door busters items today were cheaper earlier in the year and as far as
the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bush cuts expire, are not the answer to tackling this deficit. in fact, during the 2012 fiscal year the federal government cost $9.7 billion to run each and every day, but the additional revenue from letting the bush tax cuts expire only amounts to around $82 billion a year, meaning the government would be funded for a whopping 8.5 days if in fact the president wins this fight. sadly the real reason we've reached this point is because our elected representatives simply have no idea how to stop spending your m
and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades the air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journal, the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the words that govern the economy today and imperative that democrats put their heart and soul into a compromise. absolutely imperative.
disagreed. you are not going to grow the economy if you raise tax rates on the top two rates. it will hurt small business. it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you out. how do you feel about that? >> i like the speaker. we have a great relationship and we are able to talking directly and honestly with each other and i have no problem with it. i would expect him to express his opinion as he would expect me to express mine. >>neil: he is saying you are precaving. >>guest: that is nonsense. the reality is, tax rates go up for every american on december 31st. if we can make sure that doesn't happen for 98 percent of them and continue to fight for the other 2 percent, that makes a lot of sense and the american people will listen to us in that discussion if they know their taxes aren't going up. we will win the argument. i do believe most people understand raising tax rates is bad for the economy, it costs jobs, it actually in the long term
, we will ask a business expert what fewer shoppers means for the overall economy. rick: shifting gears now overseas, the hamas terrorist group is accusing israel of breaking the ceasefire rules agreed to only a couple of days ago, two days after a truce was reached along the israel/gaza border. the shooting death of a palestinian man today could threaten the already-fragile agreement. conor powell is live in jerusalem with the very latest. >> reporter: well, rick, given that the level of trust between israel and hamas is so low, expectations for this ceasefire were even lower. but it appears to have passed its first major hurdle. earlier today several hundred palestinians went to the border between gaza and israel, some reportedly there to check on land across the border in israel, others were, no doubt, hamas sympathizers testing the ceasefire. but as israeli trooped told them to back off from the border area, they refused, and israeli troops opens fire killing one palestinian. both israel and hamas accused the other ofhe ceasefire agreement, but neither side took steps to escal
have to give a comprehensive bill. >> our economy right now needs skilled workers, about people who want to come here and we should fix the system that's broken and not only that family friendly and keeps families together and some families have one member of the family come here on a green card and they have to wait several years before they're reunited and this bill corrects that. >> they can't work once they get here, but they can come and be with their families. >> gentlemen, thank you so much, good see you both. >> thank you. >> pope benedict xvi, elevating six new cardinals today. you may remember he elevated cardinals last february, but the new group is made up entirely of non-europeans including one american. and today's choice will help choose his successor. >> and with the crowning of the six new cardinals, appropriate benedict is it putting his seal on the papacy and decades to follow. appointing well over half the men who will vote for his successor. while all are fairly young, the cardinals stand out for what they're not. they're neither european or italian. and the car
the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> eric: brian, start with you, today. >> dana: you look surprised. >> brian: i am. yet honored. >>
and the economy. we agree with that. but if your number one priority is jobs and the economy, you don't grow the economy and create jobs by raising taxes on small businesses, the very people who create those jobs. >> greta: white house press secretary today jay carney when asked when the next meeting with congressional members would be, the answer was, quote, it would come at the appropriate time. >> nobody knows what that means. >> greta: that's my point. look, all of you have had a vacation, campaigning, doing that for the last three months. you've been about this fiscal cliff for a year and a half. now the president is going out to do, as you say, campaigning. the press secretary says there will be a meeting between leaders at the appropriate time. the appropriate time seems like pretty much right now. >> well, it is. what you're seeing by the president and democrats is an attempt to run out the clock. i think they think they gain leverage if the pressure builds toward the end of the year. frankly you're hearing a lot of prominent democrats saying we should go over the fiscal cliff and le
government it will pay for, regardless of the impact on jobs or the economy, or america's standing in the world. these are the ones who have recklessly ignored the fact that we can't keep running trillion dollar deficits every year and throw a tantrum if someone suggests that maybe the taxpayers shouldn't keep subsidizing ever last program washington ever dreamed up. they are reckless and ideological approach threatens our very future. and anyone who is serious about solving the problems we face should ignore all of that starting with the president. megyn: meantime some of the president's supporters unleashed and ad blitz targeting key lawmakers reportedly spending close to $300,000 on an ad buy that talks about increasing taxes but leaving spending alone. here is part of that. >> how do we move our country forward and reduce the deficit, by creating jobs and growing our economy not by cutting programs that families rely on most. megyn: join me now is stu varney, who is host of varney & company. and chris stirewalt. you have all the unions unleashing and ad blitz to target the home
that would avoid that potentially devastating fiscal cliff that is looming over the u.s. economy right now. the president is meeting with small business owners at the white house today. he had a series of meetings with different business leaders over the last week. despite the warnings that the talks are stalling on capitol hill stuart varney joins me now, host of "varney & company" on fox business network. >> good morning, martha. bill:. martha: what are you hearing how this is going? >> it is impasse basically. the republicans said yesterday they accommodated the democrats they will agree to get more money from wealthy people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion.
the election, his number-1 priority will be jobs and the economy. we agree with that. but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press secretary says there will be a meeting between the leaders at the appropriate time. that seems like it's right now. >> it does. to me, what you are seeing with the president and the democrats, is sort of an attempt to run out the clock. i think they think they gain leverage if the pressure builds. you are hearing a lot of prominent democrats saying,
stores that are struggling in a tough economy. local retailers are looking for a boost they need. and ther joining us from new york with more on this effort. >> anna. >> hey, there. today is small business saturday and carries more significance. and the northeast is still reeling economically from super storm sandy. we are here in long island and the owner said sandy could not have hit at a worse time. she makes 40 percent of the sales and said it will be impossible to make up the sails and is thankful because all of the ventors are letting her delay payment. >> i was in tires actually over that. i was scared. i don't want to lose my credit and good name and repitation. they are sticking by me. >> this business is like your child. >> this is my other home. this is it my other home. >> from staten island to long island ther urging to give back and help neighborhoods devastated by the storm. it is it estimated 100 million people participated in the growing event. and the economic impact and in the 50 billion range and 12 billion in new york city alone and 20 billion. total from los
that a couple of years ago -- it harms the economy. we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next segment. finally the g.o.p. republicans had a rough night on election night. let's look at the breakdown of the numbers. you lost unmarried women by 36 points. hispanics by 44 points. young people by 23 points. does your party need to change, especially in its outreach to those groups on social issues like same-sex marriage and immigration reform? >> we have to have a bigger tent. no doubt about it. obviously we have to do immigration reform. there's no doubt whatsoever that the demographics are not on our side and we have to give a much more positive agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the contract with america th
saying this fiscal cliff is bad for the economy. let's work together now. president obama says no than thanks. this killed me. nothing changed since december of 2010. president obama talked about losing in the midterms and said the worst thing we can do is high inemployment and slow economic growth is raise taxes on anybody so support me in extension of the bush tax cu cuts. nothing has changed about the economy now but the economic growth projections are worse. this is not a great way to make good policy. >> kimberly: that is their campaign slogan. they don't make concessions. they have to do something serious about cutting back on spending. coming back in with the entitlement. without that, it won't make a difference if they raise taxe taxes. taking out the bush tax cuts won'tbe make it go away. >> eric: the food stamp recipients. the latest number. $47 million. more than alabama, connecticut, delaware. minnesota, nebraska. nevada. new hampshire. new mexico. north dakota, oklahoma, oregon, rhode island, south dakota, utah, vermont, west virginia and wyoming combined. populations of t
we should have a balanced approach to deficit reduction that doesn't hurt the economy or hurt middle class families. glad to see if you have been reading the pains more and more republicans in congress are agreeing with this idea we should have a balanced approach. >>shepard: he referenced some in the g.o.p. who signal they could be willing to play bull. the republican leadership still is insisting they will not consider tax hikes. >> republicans are willing to put revenue on the table the it is time for the president and democrats to get serious on the spending problem our country has. >>shepard: president obama continues the p.r. blitz. later today he is scheduled to meet with big business leaders to discuss the proposed fix to the fiscal cliff. ed henry is live with us at the white house. what seem it is to be lost in this is the tax cuts going to expire. that's it. if they want to extend them on some, they can. but he will not allow it on people who make more. what part of this is confusing? >>reporter: a lot of other pieces that are confusing because no one wants to come to the
the fiscal cliff? >> everybody agrees. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price. plus, they are some of the biggest names in baseball. bonds, clemens, sosa. all three tainted by accusations they used performance enhancing drugs. but should that keep them from cooper's town? tonight, the great debate over baseball's hall of fame ballot but first from fox this wednesday night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make
cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that obamacare should be on the table. >> you do not think that obamacare should be on the table. >> no. >> i don't think that obamacare should be on the table. it's the number one priority for the lawmakers right now whether you're a democrat or a republican, this should be priority number one, it's when john boehner had the new freshman tea partiers come in in 2010 and facing the debt ceiling, he characterized the first adult moment for the new freshmen congressmen and i think this is the second adult moment. can we get beyond party politics and rigid ideology and come with a compromise that will benefit the american people? we need both to look seriously at spending cuts and revenue generation for the country right now. >> all right, so let's-- >> and let's put a couple of ideas on the table and angela, i'm surprised you would say obamacare should not be on the block, and what do you think should be on the block? what kind of-- i
economy by shopping at locally owned stores. the movement is in its third year. and it is growing. according to a new survey 67% of shopper who's know about small business saturday plan to take part in it. that's up 44% from last year. dave, i know this has made you very sad. hollywood is mourning the loss of larry hagman. >> j.r. >> wait a minute. it's your style j.r., my wife and the man who put cliff barnes in office. >> you have got plenty of trouble before y'all got married. i don't understand why you think she has changed. >> hey. stop. knock it off. >> classic. >> legend. >> hagman best known for his role of course as the villain j.r. ewing on his star with dallas. lost his battle with cancer dallas hospital. linda gray had this to say on the star's passing. larry hagman was my best friend for 35 years. he brought joy to everyone he knew. i will miss him enor muresly. >> she was at his side. >> he he was apparently surrounded by family and friends. >> hagman was the son of mary martin. he was also known for his role as major tony nelson in i dream of jeanne, of course, he w
and it is going to take all of us working together because it would damage this economy if we have this kind of huge tax increase. but our democratic colleagues, all they want to talk about is, more taxes, more taxes, more revenue. they will not telling us where the money is going? they're not assuring that the money will be used to pay down the debt like it is suggested. so we need to see those numbers, what they planned, before any discussion is appropriate it seems to me. martha: you know, i mean, does take it from both sides. if you look at the republican side, basically they want to see cuts in spending and real entitlement reform and perhaps revenue that comes from the relief of some loopholes that are out there so that, bob corker i know has suggested maybe there be a $50,000 cap on the amount of deductions you can take in your taxes. republicans want to get there that way, not by raising any rates, correct? does that stand steady, that thought? >> i think that's a lot, where a lot of our members are. if you can simplify the tax code. make it more flat, more like a flat tax. eliminate
serious consequences for the entire economy. a lot of details here and they are coming up inside fox report. well, just hours remain in what is expected to be the biggest online shopping day ever. the research firm core score predicts americans will spend $1.5 billion online today alone this cyber monday. that's up 20% from last year. the national retail federation reports the average holiday shopper spent $423 this weekend in stores and online. total spending an estimated $59 billion. cheryl casone live from the fox business network with us tonight. cheryl, that's a big shot in the army for the economy. isn't it? >> it certainly is, shepard. we are seeing an allot of interest in online shopping today. initial numbers into fox business about how many people are out there spending this, today cyber monday. this is going to be already the biggest cyber monday ever when it comes to sales or revenues for the nation's he biggest retailers. number one amazon.com. number two wal-mart. 122 million people shopping today on web sites with the estimate looks like at this point we are going to b
travel is still popular even though the economy is sluggish. in terms of the tickets themselves yes they are up from earlier this month. if you're afraid of the big jumps we are still a holiday away from that. have a listen. >> over thanksgiving prices were relatively flat compared to thanksgiving 2011. where we do see a little bit of a jump is when we get to christmas. we see airfare prices 8% higher than we saw last christmas. >> maybe it's a big headache for folks that are traveling today is the number of canceled and delayed flights because of fog in the chicago area. it really impaired midway and owe hair. it's a domino system. a lot of the regional flights, everything you see up here in yellow is at least delayed. a lot of the canceled flights are from the midwest, springfield, missouri, and other points in the midwest. make sure you check with your airline if you're traveling today. heather: that is a lot of yellow on the screen. folks were waiving to you in the line, they didn't look some aggravated. hatch of the thanksgiving travelers will go by car instead. what is the imp
without concern for america's economy or standing in the world. we can't keep running trillion dollar deficits every year and throw a tantrum if someone suggests the taxpayers shouldn't keep turning every program they can dream up. let's take a look at the so-called thelma and louise democrats so he know who he's talking about. to say they are willing to go over the fiscal cliff, we have those who say they are not willing to support any reforms to entitlements. dick durbin says he would be willing to talk about it but only after a deal is struck. >> you have a difference of opinion in all political parties. i don't know many republicans who agree with mitch mcconnell. this is the guy who said his number one political goal was to get obama out of office. i think it's all positioning. you have got a bunch of democrats and mcconnell positioning themselves for negotiation. martha: tucker, what do you think? >> i think the republicans are being outnegotiated by an incredibly aggressive democratic party. they are demanding tax hikes on highest earner. an elevation in the debt limit which is
of these mom and pop shops could tell us a lot about the entire economy. we'll take look into the future. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> heather: today is small business saturday. even president obama taking parted, taking his daughters to an independent bookstore in arlington, virginia today. this is why, small businesses are so important to our nation's economy. take a look at these numbers.
. there is no question about it. yet liberals will deny it's happening or say it's all because of the bad economy. which is flat out false. in 1992 the black unemployment rate was 14.3%. in 2012, this year, the black unemployment rate is 14.3%. exactly the same. in hispanic precinct, the situation similar. this is about a dramatic change that is overwhelming the united states of america. not economic ma lace. when you have more than 100 million americans living in a home receiving stuff from the government, again, outside of medicare and social security, we're not counting that -- then you have a large dependence on the federal government. and what does that do? well, it saps motivation. why bust your tail when the feds will give you enough to get by? america became great because of individual self reliance, hard working people took chances, suffered, created things that helped the country. every day americans empowered this nation. not the federal and state governments. they're in place to protect us and to see that social order is kept. not to provide cradle to grave security. the founding fathers did
on in the distribution of the economy and china, conditions in russia. there are a number of problems anew environment. we have not developed a coherent approach because in the first term you learn your job. that is the challenge that the administration is facing. >> people look to the united states for leadership. they look to us because we have for so long been in a position where we've been able because of our resources and military strength, because of our values, we've been able to keep the peace. we have been able to make sure that enemies feared us and make sure allies could count on us. with we step back as we did during president obama's first term and i'm afraid we're going to do the next term ease back and you see when there a vacuum. people that don't share our interests diving into that vacuum. >> i traveled all over the middle east. every leader i talked to believe the united states is weak in leaving. they are having to accommodate to that eventuality. whether it be the saudis or you name the country they are accommodating to american weakness and withdrawal. that means that they accomm
the economy in gaza as well. gregg: general jack keane who advised hillary clinton, thanks very much. >> happy thanksgiving, gregg. gregg: you too, sir. ainsley: thanks, greging. we're now getting new reaction from jesse jackson jr. stepping down. we will have all those details. gregg: and workers protesting at the los angeles international airport. the busiest travel day of the year, why the unions are now choosing this time to flex its muscle. >> happy thanksgiving, i love you, happy new year, and i'll be home soon. god bless. go, big red. gregg: developing right now in "america's newsroom," the bbc getting a new boss, tapping tony hall to head the british television network. he is the current chief executive of the royal opera house. >>> former french president nicolas sarkozy heads to court answering questions about suspicions he illegally accepted donations from france's richest woman to fund his 2007 election. he denies the allegations. >>> and the national park service says the statue of liberty, ellis island, both will not reopen to visit thers year. those sites have been closed for cl
will have a negative affect on this economy and on employment. >>neil: an idea of how much is at stake and who pays for this, i am telling you at this rate, everyone will pay. every single american family will pay. >> this has implications for every american family, 90 percent of families in america will pay higher taxes, and a reduction in income of $3,500 per american family. we talking about an income loss of 6 percent after taxes, the largest income loss since the 1940's, huge implications and politicians are going to have to, for once, act in a bipartisan manner to try and fix this. >> the people are ready for someone to tell them the truth instead of this mush that they can get this done without touching precious medicare, precious medicaid, precious social security, and precious defense, those people are phony. >>neil: they are afraid. they will take their money off the table. they are afraid. >> business is not a good environment. there is no reason for any businessman to want to grow its business, advance its business, hire more people, create more problems. >> only 3 percent
of the u.s. economy. james has the latest on the planned walmart workers strike but, first, live from chicago. steve, hour the so-called brick and mortar stores versus online retailers? >>reporter: the overall retail picture looks like this, the national federations of retailers believes there will be a 4 percent increase in holiday spending this year over last year. in terms of the brick and mortar physical stores there was a movement away from some of the these just because of the size of the crowds. some folks cannot go out and battle the crowds but we have seen a return of folks who swore off the early bird shopping. >> i was going to go online and do my shopping from there but it worked out. >>reporter: there are a lot of folks that do online shopping and that is growing. one estimate is in holiday online shopping will be up 17 percent and 4 percent overall. >>gregg: the people working the stores. any trouble finding or keeping workers there? >>reporter: they have to go weeks and months to get folks prepared. we stopped in with a target in chicago area and they have worked on hav
to a president with a failed economy, horrible unemployment numbers and shouldn't have been that difficult. >> and the republicans do revert back and try and say that we should try to get everyone get along and that wasn't president obama's approach. >> what i've learned from the results of this election is if i was somebody trying to get mitt romney elected tell the biography, this is one of the best biographies and resume's to return for president, i would have spent time even if it goes over a guy like mine's head, tell us about the companies and things you've done for people. and in the 30's, people were wondering you, how are you going to support four kids, and you found time to be a bishop in a church. and yes, the word mormon may have come up. >> and they broke the rule, you define yourself positively first, they allowed the obama people to define them for months, why they didn't put on the bio spot for me one of the greatest questions in politics. >> because the buyo spot. >> do you agree? >> absolutely right. and he has a great resume', but that's not what was going to win the ele
. but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and could lower tuition . there is it a flip side you don't want to miss and that's next d. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >> live from america's head quarters. i am healther childers. new develop am middle east as violent protest erupted in egypt over preside
and they are offering this, you argue, what? >>guest: well, there are two ways you can damage the economy. one is to increase marginal tax rates, everyone knows the small business groups, it would kill 700,000 jobs off the bat, probably worse. the other thing is to eliminate $1 trillion, not talking about a few deductions, but talking about $1 trillion worth of deductions and credits which is what the other team wants. if you do this you have killed tax reform for a generation. how do you get the rates down if you don't have the deductions and credits. what obama is hoping to do is raids spend the money, kill tax reform for individuals. >>neil: what do you do, the house majority leader and others, talking increasingly about this as an option despite what you are saying, are you going to want to exact punishment on them in two years? >>guest: it is, there have been some folks whose pictures you put up there some of them have engaged in impure thoughts and they have not actually voted for a tax increase, be clear. cantor and speaker boehner have said they want revenues from economic growth. i wa
't know, feeling better and so much of this is about how we feel about the economy. >> oh, yeah. that's right. investors may not like it, but consumers love it. their confidence, the highest level in many, many months. still below 90, which is really the point at which you see a really strong and robust economy. but the fact that consumer confidence has been doing so much better, it's very important. now, here is possibly a source of their optimism. 20% of consumers expect more jobs in the next six months and that would be a cause for much optimism. >> shepard: yes, it would. the fears about europe's debt crisis clearly eased a bit 'cause there is another deal to provide aid to greece. >> more money for greece, $57 billion. it took three weeks to come to this conclusion for european and global leaders to say hey, we'll give you the money. it will come in four installments and if they didn't get this, they would be in bankruptcy. as you know, that would be bad for the entire e.u. that country, greece, has an unemployment rate of 25%. 25. >> shepard: big number. >> it's a very big numbe
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. jon: fox news alert for you now. we are awaiting remarks from president obama. he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the president arrives at the white house to speak, he will have people behind him, ordinary americans who reached out to the white house and want their $2,000 middle class tax cut preserved. republicans are saying this is essentially a campaign stunt, a campaign appearance kind of event of the he won the election. he should get on the business of governing. what do you say? >> well, one quick observation, jon. i think what you're seeing, what i think is i
of the economy and threatens our children's future. as a mother of young children this is a condition stant worry as is the cost of the gas and. and yet today we will pray for those less fortunate and we'll think of servicemembers away from home and give thanks for them and their families. and our hearts will go out to the families still without power after hurricane sandy and wilelook ahead to the holidays and new year and that same service of optimism that brings us together today should inspire us all year round and why here in washington dc republicans reached out to president obama in the hope to help our economy grow and solve the debt that threatens our children's future. >> if a deal is not reached on the fiscal cliff tax cuts will expire on january 1st. back to black friday. unfortunately fights already breaking out. this was the scene in indianapolis a few hours ago. police were called in to break up fights. shoppers waited in line to receive vouchers for plasma tvs and learned that some of the people were selling vouchers for profit. and right now, we are going to go with waga who is l
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